Whalerock Point Partners LLC Invests $1,706,000 in Cisco Systems, Inc. (CSCO)

Whalerock Point Partners LLC acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 53,820 shares of the network equipment provider’s stock, valued at approximately $1,706,000.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Cisco Systems by 7.0% in the third quarter. Proficio Capital Partners LLC now owns 3,211 shares of the network equipment provider’s stock worth $102,000 after buying an additional 210 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock worth $103,000 after buying an additional 1,530 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Cisco Systems by 9.5% in the third quarter. Reilly Financial Advisors LLC now owns 3,289 shares of the network equipment provider’s stock worth $104,000 after buying an additional 286 shares during the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock worth $110,000 after buying an additional 995 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock worth $129,000 after buying an additional 651 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) opened at 32.31 on Wednesday. The company has a market capitalization of $162.19 billion, a price-to-earnings ratio of 15.46 and a beta of 1.36. Cisco Systems, Inc. has a 52 week low of $25.65 and a 52 week high of $32.31. The company’s 50-day moving average is $30.67 and its 200 day moving average is $30.75.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Friday, January 6th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Wednesday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 49.52%.

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A number of brokerages have issued reports on CSCO. FBN Securities set a $35.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research note on Saturday, November 19th. Drexel Hamilton reissued a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Tuesday. Oppenheimer Holdings, Inc. set a $34.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Tuesday. RBC Capital Markets reissued an “outperform” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Wednesday, November 30th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research report on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $33.41.

In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of the stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $30.41, for a total transaction of $54,525.13. Following the completion of the sale, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at approximately $5,573,392.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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